Comment by ifyoubuildit
7 hours ago
> you pay about 35% total of income in taxes.
That's what's directly taken out of your check right? But how much more do you pay after that in other taxes? And if you go even further, how much higher are the prices of everything that you purchase due to the various taxes involved in their production?
Other major taxes are property taxes and sales taxes, which exist in other countries too and aren’t included in the calculation above.
You pay sales tax, but it's less than VAT. You also pay property taxes if you own your home, but I'm guessing that's true in most places too.